German FITs cut in 2012

Share

In its release, the government agency has announced that cumulative capacity installed between October 2010 and September 2011 amounts to 5.2 gigawatts (GW). This level of installed capacity has triggered the 15 percent FIT reduction.

These figures also show that between the months July and September of this year, 1.6 GW of new photovoltaic capacity was installed, slightly below the 2010 capacity of 1.7 GW.

Industry analyst Goetz Fischbeck has responded to the cuts by saying that they are not beyond predicted levels. He added that should a surge of installations occur in the fourth quarter of 2011, then another tariff cut could be expected in July 2012.

In an earlier statement, anticipating the cuts, he wrote that investors could no longer expect the same level of return under the new FIT levels, as installed photovoltaic costs could not be reduced by 15 percent in this period.

As such, Fischbeck concludes, Q1 2012 could see low demand, making it more difficult for both manufacturers and wholesalers to clear their inventories.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

U.S. startup offers meter socket adapter that simplifies solar, battery, EV charging connection

04 December 2024 ConnectDER has secured $35 million in Series D funding to support its meter socket adapter (MSA) business, which integrates solar, storage, EV chargin...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.